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Showing 1691 - 1700 of 6079 results for "Commission"

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... portfolio managers. Rege mispriced the investments of a private fund from June 2016 to April 2017, Securities and Exchange Commission orders said. As a result of this, the fund's net asset value sent out to investors in periodic statements was overstated ...

NAB names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2019
... manager. McEwan replaces Andrew Thorburn who resigned in February following the bank's lambasting at the Royal Commission and shortly after a Roy Morgan survey named NAB as Australia's most distrusted bank. "Ross McEwan is the ideal leader for ...

Adviser association rebrands, grows membership

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
The United Financial Advisers Association has re-emerged to grow its membership to 2500 advocating for several reforms in the advice sector. Formerly known as the Life Insurance Customer Group, UFAA recently rebranded and decided to cease lobbying for ...

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... trust in "the system" was under threat. He added ASIC understood the Government had committed to implementing the Royal Commission's recommendation to outlaw unsolicited super and insurance sales, but would do what it could to protect consumers in the ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... significantly reflects on the fund's brand, profile and reputation, Rainmaker said. The recent financial services Royal Commission and Productivity Commission put the spotlight on group insurance, proposing fundamental changes to these insurance ...

ISA lays out $416bn super saving plan

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... up to $189,000 better off in retirement, the report suggests. The research acts on recommendation 3.5 of the Royal Commission's final report, which suggested Australians should retain one default super account, and the development of machinery to staple ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... latter part of 2018. Implementing the changes based on that review were deferred pending the outcomes of the Royal Commission and the Capability Review, APRA said, adding it is now progressing through the changes that support flexible and effective models ...

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... of commercial and residential mortgage backed securities (CMBS and RMBS), according to the Securities and Exchange Commission. "Several Nomura traders misled customers about the prices at which Nomura had bought securities, the amount of profit Nomura ...

Wealth jobs in demand

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... compliance and remediation - which "paraplaners often like to move into" - were on the way in the wake of the Royal Commission. On the flip side, Hays said the supply of paraplanners would not meet the industry's demand, given an increase in financial ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...